ITT Technical Institute is the latest for-profit higher education provider to go big with scholarships. The institute's holding company announced in an earnings call on Thursday that it hopes to expand a pilot program to all of its campuses by the end of the year. Company officials said early returns showed that discounting tuition has had a positive impact on student enrollment. The scholarship reduces net tuition to $28,000 from $44,000, according to a written statement from Trace Urdan, an analyst with Wells Fargo Securities.
- ITT's federal compliance scramble differs from Corinthian's shut down
- Grand Canyon uses online to pay for scholarships and campuses
- Grand Canyon U., a major for-profit college, considers becoming nonprofit
- Corinthian's failure (and U.S. role in it) fuels for-profit critics
- Major for-profit chain faces bankruptcy as feds turn up heat
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